Investing.com – Retailer Bed Bath & Beyond (NASDAQ:) rallied sharply in after-hours trading as the company named the former chief marketing officer of Target (NYSE:) as its new chief executive.
Mark Tritton will start as the CEO on Nov. 4, taking over from interim CEO Mary Winston.
Shares of Bed Bath & Beyond jumped more than 20% postmarket.
“Mark’s ability to re-define the retail experience and drive growth at some of the world’s most successful retailers and brands makes him uniquely equipped to lead Bed Bath & Beyond during this critical time in our evolution,” the company said in a statement. “As an integral contributor to Target’s impressive transformation, we will benefit from his vision, leadership, and creativity to successfully transform our business.”
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